Article 110
36
The Hong Kong dollar, as the legal tender in the
Hong Kong SAR, shall continue to circulate.
The authority to issue Hong Kong currency shall be
vested in the Government of the Hong Kong SAR. The system
regarding the issue of Hong Kong currency and the reserve
fund shall be prescribed by law.
The Government of the Hong Kong SAR may authorize
designated banks to issue or continue to issue Hong Kong currency under statutory authority, after satisfying itself that any issue of currency will be soundly based and that
the arrangements for such issue are consist ent with the object of maintaining the stability of the currency.
Article 111
No exchange control policies shall be
be applied in
the Hong Kong SAR. The Hong Kong dollar shall be freely
convertible.
Open
mark ets for foreign exchange, gold,
securities and futures shall continue.
The Government of the Hong Kong SAR shall
safeguard the free flow of all capital within, into and out of the Region.
Article 112
The Exchange Fund of the Hong Kong SAR shall be managed and controlled by the government of the Region, primarily for regulating the exchange value of the Hong
Kong dollar.
Article 113
Unless
The Hong Kong SAR shall remain a free port.
otherwise stipulated by law, no tariff shall
be
imp os ed.
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